Here's what you need to know and how you can prepare: Sole traders and landlords  earning over £50,000  in the 24/25 year YOU are IN MTD for Income Tax Self Assessments. What changes should you expect?! For a start you now have to submit your tax returns digitally through approved software. Our practice specialise in FreeAgent and Xero for this :) Instead of just 1 annual return to HMRC you will need to do 4 submissions throughout the year AND a final declaration confirming everything is...

This year's ICB Summit was held on the 17th November at the Queen Elizabeth II Centre in Westminster, London. It was a great day with some inspiring speakers, reminding us all of the importance of the job we do as bookkeepers! My personal highlights were: ‘A bookkeeper saved my business!’ Small Business Commissioner Emma Jones was drowning in admin, chasing invoices and not getting paid. She hired a bookkeeper part-time and they made such an impact that the business thrived and the bookkeeper...

Awards season is upon us - finalists for the LUCA's and Female Business Awards are especially exciting for us at LMO Bookkeeping Limited. We love celebrating success for our clients and ourselves, they're a brilliant way to showcase your achievements and get the sparkles out! But once the excitement settles, many directors find themselves wondering... “Can my company actually claim any of this back?” The good news is: in most cases, yes! Let’s break it down in plain English. If your company...